Sector: Basic Materials | Industry: Specialty Chemicals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 5775 N. Sam Houston Parkway W. Suite 400 HOUSTON TX 77086 |
Tel: | N/A |
Website: | https://www.flotekind.com |
IR: | See website |
Key People | ||
Ryan Gillis Ezell President, Chief Executive Officer, Director | J. Bond Clement Chief Financial Officer | Amy Blakeway Senior Vice President, General Counsel |
Nathan Snoke Senior Vice President- Global Business Lines | Shane Wise Senior Vice President- Operations | Andrea Berry Vice President- People Operations | Tom Redlinger Vice President |
Business Overview |
Flotek Industries, Inc. is a technology-driven, specialty green chemistry and data company. The Company's segments include Chemistry Technologies and Data Analytics. The Company's Chemistry Technologies segment designs, develops, manufactures, packages and distributes green, specialty chemicals that help customers improve their return on invested capital, lower operational costs and realize tangible environmental benefits aimed at enhancing the profitability of hydrocarbon producers. The Company's Data Analytics segment provides analytics associated with their hydrocarbon streams in seconds rather than minutes or days. The real-time access to information prevents waste, reduces reprocessing and allows users to pursue automation of their hydrocarbon streams to increase their profitability. It helps customers across industrial and commercial markets improve their environmental performance. It serves specialty chemistry needs for both domestic and international energy markets. |
Financial Overview |
For the fiscal year ended 31 December 2023, Flotek Industries Inc revenues increased 38% to $188.1M. Net income totaled $24.7M vs. loss of $42.3M. Revenues reflect Chemistry Technologies segment increase of 38% to $179.9M, Data Analytics segment increase of 48% to $8.1M, United States segment increase of 45% to $180.3M. Net Income reflects Chemistry Technologies segment income totaling $39M vs. loss of $14.7M. |
Employees: | 146 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $108.68M as of Mar 31, 2024 |
Annual revenue (TTM): | $188.06M as of Mar 31, 2024 |
EBITDA (TTM): | $23.85M as of Mar 31, 2024 |
Net annual income (TTM): | $24.71M as of Mar 31, 2024 |
Free cash flow (TTM): | -$12.38M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $1.90M as of Mar 31, 2024 |
Shares outstanding: | 29,661,130 as of Apr 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |